Asia/Pacific

Sumitomo Corporation, “K” LINE and NYK Line conclude MoU for new build ammonia bunkering vessel operation in Singapore

Sumitomo Corporation, Kawasaki Kisen Kaisha and NYK Bulkship (Asia) Pte. Ltd. (NYK Line) have entered into a MoU to jointly conduct a FEED study and explore the ownership of a new-build ammonia bunkering vessel for application in Singapore.

thyssenkrupp nucera to conduct FEED study for 260-MW green hydrogen project in India

thyssenkrupp nucera is expanding its role in the global H2 economy with a new front-end engineering design (FEED) study for a large-scale project in India.

Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies

Vietnam and China have restricted fuel exports until at least the end of March to arrest potential domestic shortages. Cambodia and neighboring Thailand stopped fuel trade after the onset of an armed conflict in July.

China's fuel export ban to further tighten Asia supply

Japanese refiner Idemitsu to invest $500 MM in Australian Midocean to enter LNG business

Top global refiner Sinopec to cut crude runs by over 10% on Mideast supply squeeze

The cuts by state-owned Sinopec, which accounts for a third of China's refinery output, are part of Beijing's widening measures to curb oil supply disruptions due to Iran's blockage of the Strait of Hormuz, a conduit for 20% of the world's oil.

Japan to consider whether to buy Russian crude following U.S. sanctions waiver

The U.S. waiver allows countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets, which have been roiled by the Iran war.

Australia releases petrol and diesel from emergency reserves

Energy Minister Chris Bowen said the move to allow the release of up to 20% of the baseline minimum stockholding obligation is equivalent to up to 762 MM liters (l) of petrol and diesel.

Axens joins consortium trying to develop an eFuels plant in Australia

China teapots maintain refinery runs to cash in on lucrative fuel sales